Dogecoin Shows Early Signs of Momentum Shift Against Bitcoin

Dogecoin may be positioning for a potential price breakout against Bitcoin, according to crypto trader Surf. He shared a weekly chart update highlighting subtle gains in both price and the Relative Strength Index (RSI). 

Bitcoin price has dipped 4.85% over the past day, trading at $63,219, while Dogecoin posted a modest 5.61% loss. The divergence from Bitcoin is fueling speculation that DOGE could outperform the leading cryptocurrency if momentum continues.

Weekly Chart Signals Growing Confidence

Surf posted a follow-up tweet reading “Good DOGE,” signaling optimism after earlier analysis of the DOGE/BTC weekly chart. The chart shows Dogecoin in a long-term downtrend against Bitcoin, yet the RSI has pushed slightly higher. 

Technical analysis suggests that a rising RSI amid price compression can indicate weakening selling pressure. According to Surf, the subtle uptick in both price and RSI strengthens the setup, making it noteworthy for traders observing weekly closes.

The weekly close is particularly significant as it reflects sustained buying or selling pressure over multiple days, offering a clearer picture than intraday movements. Surf emphasized he was “watching the close,” indicating that confirmation of trend change would come only if momentum held through the weekly candle. Traders interpret the RSI pressing against a descending resistance line as an early signal that Dogecoin may be ready for a larger move.

Implications for Dogecoin and Bitcoin

At press time, Dogecoin price is trading at $0.09091, erasing earlier losses and entering positive territory. If the current trend endures, Dogecoin could begin outperforming Bitcoin, attracting capital rotation toward meme coins. Analysts caution that Bitcoin’s stability is crucial, a deeper dip in Bitcoin could quickly reduce DOGE gains as investors withdraw from higher-risk assets.

Surf’s chart update highlights that momentum shifts often start subtly, with early RSI movements preceding price action on higher timeframes. Traders watching the DOGE/BTC pair now see the slight RSI push as a potential prelude to a trend reversal. If Dogecoin sustains its weekly gains and RSI breaks above resistance, the downtrend against Bitcoin could weaken, opening opportunities for further upward movement.